IPL 2025: Gujarat Titans Undergo Big Ownership Change After One Poor Season

Add as a preferred source on Google

Ahmedabad-based Torrent Group is poised to acquire a majority stake in the Indian Premier League (IPL) franchise Gujarat Titans from CVC Capital Partners, according to the Economic Times.

The formal deal, however, can only be finalized after the ownership lock-in period ends in February 2025. Gautam Adani's Adani Group, which tried to buy stakes in the Gujarat Titans twice, has reportedly withdrawn from the race.

In 2021, Adani Group had placed a significant bid of Rs 5,100 crore to acquire the franchise but lost to CVC Capital, which secured the team for Rs 5,625 crore. Torrent Group, meanwhile, had placed a bid of Rs 4,653 crore at that time.

However, now, Torrent and CVC Capital Partners have reportedly reached a "gentleman's agreement," allowing the former to take a controlling stake once the deal is official after the lock-in period.

While Torrent Group is expected to hold the majority stake, CVC may retain a minority share in the team. The franchise is currently valued at over $1 billion, reflecting its growing market value due to lucrative IPL media rights and sponsorships.

CVC Capital Partners, a European private equity firm with several sports investments, including stakes in LaLiga, Premiership Rugby, and Volleyball World, has been the principal owner of Gujarat Titans since 2021.

During CVC's ownership, Gujarat Titans made an impressive debut, winning the IPL title in 2022 under the captaincy of Hardik Pandya. The team reached the finals in both of their first two seasons. However, the 2024 season saw a significant dip in form, as the Titans struggled with consistency and injuries, finishing eighth in the standings.

As IPL 2025 approaches, ownership transitions and other structural changes are expected to further shape the league's future. Torrent Group's imminent acquisition will add a new chapter to Gujarat Titans' journey. Hopefully with the changes, they will be able to do better in the coming year.